Royalty Interest is defined in Section 1.01.
Royalty Interest means the percentage of the Royalties that SongVest is entitled to as set forth in Schedule A based on the Percentage Interest.
Royalty Interest means the fee holder's share in the production from a well.
Examples of Royalty Interest in a sentence
Notwithstanding anything else set forth herein to the contrary, in no event shall the aggregate amount of Royalty Interest Payments, U.S. Licensing / Participation Payments and Ex-U.S. Licensing / Participation Payments made by Company to the Purchasers under this Agreement exceed the Hard Cap as calculated at such time.
More Definitions of Royalty Interest
Royalty Interest means (a) an expense-free interest in any Property retained by a mineral lessor in a Lease, (b) an overriding royalty in any Property reserved by or conveyed to a Person, or (c) any other expense-free right to receive production or revenues from any Property.
Royalty Interest means an interest in an oil and natural gas property entitling the owner to shares of oil and natural gas production, free of costs of exploration, development and production operations.
Royalty Interest means that share of the product or profit that the owner of the land or mineral rights in the land reserves or is entitled to, whether under a lease or under this part, in consideration of permitting the development of the mineral rights. Royalty interest does not include oil or gas or interests in oil or gas.
Royalty Interest. (as defined in the Conveyances) has been conveyed and assigned to Mortgagee, as applicable, from Mortgagor and XxxxXxxxx Sub. Capitalized terms used herein and not otherwise defined shall have the meanings given such terms in the Conveyances.
Royalty Interest means the right to, or an
Royalty Interest means an interest in oil, natural gas or other minerals that entitles the owner of the underlying real property to a specified fraction of production, in kind or in value, free of the expense of development and operation, and which is payable out of the leasehold interest after deduction of the cost of processing, transporting and marketing such production.
Royalty Interest means an interest in a natural gas and oil lease that gives the owner of the interest the right to receive a portion of the production from the leased acreage (or the proceeds of the sale thereof), but generally does not require the owner to pay any portion of the costs of drilling or operating the wells on the leased acreage.